Important note

This AI stock analysis for Google is not up to date. Creating and accessing our AI stock Analysis (powered by our data and Chat GPT) is only available for our premium users. Sign up to get access today!

Google - AI Stock Analysis

Analysis generated November 19, 2024

Google, a subsidiary of Alphabet Inc., is a leading global technology company specializing in internet-related services and products. These include a highly popular search engine, online advertising technologies, cloud computing, software, and hardware. With its commitment to innovation and extensive portfolio, Google has anchored itself as a pivotal player in the tech industry, constantly expanding its horizon through new acquisitions and developments.

Fundamental Analysis

Google's revenue for the last quarter was $88.3 billion, an increase of 4.27% from the previous quarter and 15.78% year-over-year. This indicates robust growth in Google's business operations.

Net income for the last quarter was $26.3 billion, showing an 11.36% increase from the previous quarter and a significant 33.58% rise compared to the same quarter last year. A notable rise in net income signifies successful cost management and profitability.

The EBITDA for the last quarter stood at $28.5 billion, experiencing a decline of 12.31% from the previous quarter but year-over-year growth of 4.03%. The quarter-over-quarter decrease may raise some concerns regarding operating efficiency.

Google's current Price to Earnings (P/E) ratio is 22.88, which is within a reasonable range, indicating neither overvaluation nor undervaluation of the stock.

There has been some insider selling in recent months, which could be a bearish signal as it may indicate that insiders have concerns about the near-term prospects of the company.

Technical Analysis

Today's stock price of Google is $178.13, reflecting a 9.00% increase over the past month and a 31.06% increase over the past year, suggesting strong short-term and long-term positive trends.

However, the trend remains bearish as the current SMA10 of 176.57 is slightly lower than the previous SMA10 of 176.59, hinting at potential downward price movement.

Google's RSI (Relative Strength Index) is currently at 23.3. An RSI value below 30 usually signals that a stock is oversold, which might indicate a buying opportunity for investors.

Alternative Data Analysis

Google's alternative data indicates mixed signals. Job postings have increased by 26% to 4,079, suggesting that the company is expanding, which is a positive indicator of growth.

Employee sentiment about Google's business outlook is neutral, revealing no strong positive or negative feelings internally.

On the customer acquisition front, Google's webpage continues to attract approximately 113 billion visitors without any meaningful changes, indicating stable demand.

However, daily downloads of Google's mobile apps have dropped by 15% to 180,000, which could mean a potential reduction in user engagement and a possible loss in customer base over time.

Customer engagement metrics show that Google's social media following on Instagram (15 million) and Twitter (32 million) has remained steady, with no substantial increases or decreases.

According to AltIndex's AI score, Google's stock is given a score of 57, which signals a hold recommendation, reflecting a balanced outlook from both fundamental and technical perspectives.

Conclusion and Recommendation

Overall, Google's stock exhibits positive revenue and income trends, moderated by some concerns in EBITDA performance and insider selling. While technical analysis provides a mixed outlook, primarily due to the bearish trend and RSI indications, alternative data offers varied insights, from growth in job postings to decreasing app downloads.

Considering all given data, including AltIndex's AI score of holding, a prudent recommendation would be to hold Google’s stock. The signs of growth and stability are strong, but the bearish trend and insider activities necessitate caution. This balanced approach ensures investors remain watchful while capitalizing on Google’s solid market standing.

Disclaimer: This AI stock analysis, generated by an experimental AI tool, is for informational purposes only and not financial advice. Information is based on publicly available data and may not always be accurate or current.